Kingfisher renews £300m buyback as profits rise in line with guidance

Kingfisher PLC (LSE:KGF) has rewarded investors with a fresh share buyback programme after it increased annual profits 6% last year and eyes further improvements. The FTSE 100 retailer, which operates the B&Q and Screwfix chains, made adjusted profits of £560 million in the year to 31 January 2026, above the middle of the guidance range of £540-570 million set out in November, driven by stronger sales volumes, wider profit margins and tight cost control.